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Nov 29, 2012
11/12
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the bottom line -- sometimes you don't want to overthink things in an ungamable fiscal cliff negotiation, it pays to keep a chance on the maintain. it may well be the three musketeers of tech. and the best stock. barbara in texas, barbara. >> caller: hi, jim, this is barbara. i'm interested in knowing, i god in liquidity services today at 3704. it's gone down lower, and how would you -- you put a stop in around a little lower, but --. >> yeah, boy, you know you know, this is a difficult market played. i think you're in the non-beth of briefed. jim in logan. >> caller: thank you for taking my call. >> my pleasure. >> caller: my question is there's been a lot of talk about the possibility of a copper shortage. >> i read that. very interesting. >> caller: yeah. i was wondering, how does that affect a stock like caterpillar? >> they don't relate. if you're talking about the raw costs, that's largely steel. steel is in glut, and the fact is if there's a copper shortage because there's so much business, cat will be benefiting. i think that's the case. the stock acted very well today in the fac
the bottom line -- sometimes you don't want to overthink things in an ungamable fiscal cliff negotiation, it pays to keep a chance on the maintain. it may well be the three musketeers of tech. and the best stock. barbara in texas, barbara. >> caller: hi, jim, this is barbara. i'm interested in knowing, i god in liquidity services today at 3704. it's gone down lower, and how would you -- you put a stop in around a little lower, but --. >> yeah, boy, you know you know, this is a...
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Dec 5, 2012
12/12
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. >> regardless of how fiscal cliff negotiations work out, for the first time ever, the irs will impose a new income surtax on all investment gains including your home. 159 pages of rules for one tax. this cannot be good. here now is the author of the book democracy denied. 159 pages. am i right it is going to include gains on your home? in fact this rule looks like it is going to cover more ground than originally thought. this surtax? >> well, you still have an exclusion on the tail of a primary residence. above that, it would be subject to this surtax. independent income. the rules are surrising. all rental income, you are going to have to pay the surtax on that rental income. depending on what happens with fiscal inclusive, we could be looking at 43.4%. all of this stuff, income is going to go up. there is a 0.9% payroll tax for people above $250,000. explain this to me. these investments aren't they already tax ee eed once? when you put it into corporate assets, you put it into corporate stock. this is an additional layer of tax on already taxed income. to worsen that, worsens that
. >> regardless of how fiscal cliff negotiations work out, for the first time ever, the irs will impose a new income surtax on all investment gains including your home. 159 pages of rules for one tax. this cannot be good. here now is the author of the book democracy denied. 159 pages. am i right it is going to include gains on your home? in fact this rule looks like it is going to cover more ground than originally thought. this surtax? >> well, you still have an exclusion on the...
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Nov 27, 2012
11/12
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cliff negotiations. this is the portfolio they've put together that would do well if we avoid the fiscal cliff. look at this. it's been selling off here today. guess what's going on up? the portfolio they put together of those investments that would do well if we go off the fiscal cliff. many of these are etfs that are ultra short. various sectors of the market and the market as a whole. that's been going higher. if you want to know what's in these two portfolios, go to our website for the components of the fiscal cliff portfolios. they've been tracking this market perfectly. look who's here. are you as obsessed with the fiscal cliff talks as the market seems to be? >> i've got to be honest with you. we've been obsessed with it for about six months. i think what people are starting to realize, i think, is that even if you avoid the cliff, you're still going to have f fiscal drag. so we're of the view we're going to have a mild recession next year based on higher taxes and lower spending. >> over the clif
cliff negotiations. this is the portfolio they've put together that would do well if we avoid the fiscal cliff. look at this. it's been selling off here today. guess what's going on up? the portfolio they put together of those investments that would do well if we go off the fiscal cliff. many of these are etfs that are ultra short. various sectors of the market and the market as a whole. that's been going higher. if you want to know what's in these two portfolios, go to our website for the...
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Dec 19, 2012
12/12
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KQED
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this is the latest twist in those crucial fiscal cliff negotiations. the house speaker offered a back-up plan today to avoid falling off the cliff. he promised to bring a bill to the house floor this week that would raise income tax rates for people earning more than $1 million a year and no new spending cuts, for now. the white house immediately rejected it. darren gersh reports. >> reporter: house speaker john boehner says the president is asking for about half a trillion dollars more in taxes than he is willing to cut from spending. that means the two sides have narrowed their differences, but the speaker says not enough progress has been made to call it a deal. so he is making other plans. >> our plan b would protect american taxpayers who make a million dollars or less and have all of their current rates extended. >> reporter: while the speaker prepares his back-up plan, the outlines of a grand bargain with the president are becoming clearer. both sides look ready to adopt a new inflation indicator that better measures the way consumers shift thei
this is the latest twist in those crucial fiscal cliff negotiations. the house speaker offered a back-up plan today to avoid falling off the cliff. he promised to bring a bill to the house floor this week that would raise income tax rates for people earning more than $1 million a year and no new spending cuts, for now. the white house immediately rejected it. darren gersh reports. >> reporter: house speaker john boehner says the president is asking for about half a trillion dollars more...
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Nov 24, 2012
11/12
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cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting to see if he derail everything. liz: they have a seat at the table. is not political. it seems to me when you read what they say it is not like they are saying we want a voice in what is going on. there saying our customers are concerned. of course it is a revenue problem. shoppers and consumers are not coming in because they're worried about the fiscal cliff. gerri: all singing the with one voice. interesting to see if anybody hears that. thanks for coming on. appreciate it. guess what else has joined the fiscal liftoff? the federal gas tax, special interests in washington are pushing for an increase in the gas tax which has been stuck at the same rate for 20 years. right now the federal gas excise tax stands at 18.4 presented gallon. it raises $37 billion a year from american motorists but the federal government spent more than that, $52 billion a year on highways so there's a $15 billion shortfall which has to be borrow and added to the deficit every year. natura
cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting to see if he derail everything. liz: they have a seat at the table. is not political. it seems to me when you read what they say it is not like they are saying we want a voice in what is going on. there saying our customers are concerned. of course it is a revenue problem. shoppers and consumers are not coming in because they're worried about the fiscal cliff. gerri: all singing the with one...
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Nov 17, 2012
11/12
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cliff negotiations. they have a mandate and they should use it. the political analysis coming up on that. >>> then they want the federal government to stop calling the shots. why are so many governors asking the federal government for help in implementing obama care? stay with us. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly da
cliff negotiations. they have a mandate and they should use it. the political analysis coming up on that. >>> then they want the federal government to stop calling the shots. why are so many governors asking the federal government for help in implementing obama care? stay with us. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle......
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Nov 29, 2012
11/12
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CNNW
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tim geithner, the chief fiscal cliff negotiator will meet with congressional leaders in an effort to get talks moving. there's no time to waste because there may be 33 days to get a deal done, but congress breaks for the holiday. that happens in just 15 days. white house correspondent dan lothian is live from washington this morning. dan, that clock is ticking louder and louder what is the very latest? i hear there are one-on-one meetings happening today. >> that's right. these are the president himself not sitting down and talking with lawmakers, but timothy geithner will be on capitol hill and other senior level members of the administration trying to hammer something out here. this is a complicated process. so far it does not appear the two sides have gotten closer. that's why you see the president pushing hard, first of all through social media, trying to get americans out there to pass the message along, put pressure on lawmakers to get this middle class tax cut extension down. the president sitting down with small business owners, with ceos of major companies, pushing that midd
tim geithner, the chief fiscal cliff negotiator will meet with congressional leaders in an effort to get talks moving. there's no time to waste because there may be 33 days to get a deal done, but congress breaks for the holiday. that happens in just 15 days. white house correspondent dan lothian is live from washington this morning. dan, that clock is ticking louder and louder what is the very latest? i hear there are one-on-one meetings happening today. >> that's right. these are the...
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Dec 1, 2012
12/12
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tonight's question, who has the upper hand in the fiscal cliff negotiations at this point? text a for president obama and b for the republicans to 622639. you can go to our blog and leave a comment. we encourage you to do that. i'm joined tonight by sam stein, political reporter for "the huffington post." don't you dare give me a hard time about the packers. who is winning the conversation with the american people? what kind of week was it on the hill? >> you can say the president is winning this conversation at this junction. these things change. a lot of this is posture. when you look at the circumstances that play here, it seems clear to me that democrats would be more comfortable going over the fiscal cliff. you have republicans not just sort of modern republicans, but real conservative republicans saying we got to do what the president wants to do on taxes and debate the other issues later down the road. i don't see democrats doing something of similar hair si on their side. the president controls the game. >> why are the republicans disz i dising a $600 billion cut? w
tonight's question, who has the upper hand in the fiscal cliff negotiations at this point? text a for president obama and b for the republicans to 622639. you can go to our blog and leave a comment. we encourage you to do that. i'm joined tonight by sam stein, political reporter for "the huffington post." don't you dare give me a hard time about the packers. who is winning the conversation with the american people? what kind of week was it on the hill? >> you can say the...
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Dec 30, 2012
12/12
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FOXNEWSW
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he decided to put the onus on republicans saying that the fiscal cliff negotiations are up to them. gop leaders now say the president should stop playing the blame game. full details, coming up. the capital one cash rewards card gives ases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. >> shannon: time for a look at some of the stories making headlines today. good news for former president george h.w. bush. a family spokesman says he is improv
he decided to put the onus on republicans saying that the fiscal cliff negotiations are up to them. gop leaders now say the president should stop playing the blame game. full details, coming up. the capital one cash rewards card gives ases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the...
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Dec 5, 2012
12/12
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i's an ipad, iphone fan. >>> another option on the fiscal cliff negotiating table being considered is raising the age when seniors can start receiving medicare to help ease our debt burden. what do you think, bob pisani? raise the age. is it a good idea? >> of course it is going to help us. we should consider that. that's the most likely thing on the cable. what i'm worried about here, it is very easy to say we'll save a bunch of money, pick a number, $6 billion or whatever the number if we take it off. where do the people go? those 65 to 67-year-olds will go into the private system where these exchanges we're going to have. they're likely going to pay more money there and the premiums are going to go up because of all those seniors. so it isn't free! that's my point. it is not just the government saves money, other people, those seniors are going to pay to be in those exchanges. >> there's no free lunch. >> nothing. >> i think there is good news that with this administration we don't have to worry about having another debate about privatizing social security. you and i, bob, are prob
i's an ipad, iphone fan. >>> another option on the fiscal cliff negotiating table being considered is raising the age when seniors can start receiving medicare to help ease our debt burden. what do you think, bob pisani? raise the age. is it a good idea? >> of course it is going to help us. we should consider that. that's the most likely thing on the cable. what i'm worried about here, it is very easy to say we'll save a bunch of money, pick a number, $6 billion or whatever the...
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Dec 4, 2012
12/12
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>>> tomorrow on the show, two of the men at the center of the fiscal cliff negotiations. republican representative tom cole of oklahoma and the man behind the anti-tax pledge, grover norquist. they'll both be "outfront." the new film called "zero dark 30" sparking controversy. it's based on that raid that killed osama bin laden and some charge the obama administration gave the film's producer certain access. barbara starr will be with us about that. thanks for joining us. "ac 360" starts now. >>> we begin with breaking news. new signs tonight the syrian government could be preparing to do the unthinkable, unleash chemical weapons on its own people. the united states has new intelligence suggesting syrian forces now mixing the ingredients used to make deadly serin gas. a serious civil war has progressed. the obama administration has repeatedly warned even just moving chemical weapons would be a red line that could draw a swift response. just hours ago, president obama directly addressing the assad regime about this latest intelligence. >> today, i want to make it absolutel
>>> tomorrow on the show, two of the men at the center of the fiscal cliff negotiations. republican representative tom cole of oklahoma and the man behind the anti-tax pledge, grover norquist. they'll both be "outfront." the new film called "zero dark 30" sparking controversy. it's based on that raid that killed osama bin laden and some charge the obama administration gave the film's producer certain access. barbara starr will be with us about that. thanks for...
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Dec 14, 2012
12/12
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. >> reporter: the fiscal cliff is really a negotiation between two men, and one of them today was not sounding very happy. house speaker john boehner brought out the charts to make his case. >> here we are at the eleventh hour, and the president still isn't serious about dealing with this issue right here. it's this issue-- spending. >> reporter: the president left his spokesman to respond that republicans were pushing a plan of fantasy economics that raised more revenues while also cutting taxes on the wealthy. >> what spending cuts have the republicans put forward? the proposal that we've seen is a two-page letter, and the much- discussed second proposal is less than half a page. there is no specificity behind what the republicans have put forward. >> reporter: right now, the risk is rising that we will avoid the fiscal cliff, but end up with what some call a worst case outcome. >> we get some sort of hoaky deal that's put together with gimmicks and baseline adjustments and all that stuff. they get by the fiscal cliff without much damage. wall street breathes a sigh of relief, but w
. >> reporter: the fiscal cliff is really a negotiation between two men, and one of them today was not sounding very happy. house speaker john boehner brought out the charts to make his case. >> here we are at the eleventh hour, and the president still isn't serious about dealing with this issue right here. it's this issue-- spending. >> reporter: the president left his spokesman to respond that republicans were pushing a plan of fantasy economics that raised more revenues...
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Dec 24, 2012
12/12
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cliff negotiations. do you think the president might be more even-handed here dealing with the unions? >> well, i really don't know. you never know what this president is going to say and what policies are going to come out, but the longshoremen is an influential union. to see him go on the other side of it would be surprising, probably take a step back and not intervene too much. so, you know, it's a look and see and a wait and see, quite frankly. but if this does happen, the ripple effect is going to be tremendous because you're going to see prices go up there as well. and that's going to be passed onto the consumer. so, either way, we're talking about more money out of the pocket of individuals, regardless, you know, how this thing, you know, comes to to be. >> and this could also have serious effects on commodities markets, particularly oil. one of the ports affected houston. a lot of oil goes in on ought of that port. >> yeah, i mean, david when we hear the news reports and instead of looking at the
cliff negotiations. do you think the president might be more even-handed here dealing with the unions? >> well, i really don't know. you never know what this president is going to say and what policies are going to come out, but the longshoremen is an influential union. to see him go on the other side of it would be surprising, probably take a step back and not intervene too much. so, you know, it's a look and see and a wait and see, quite frankly. but if this does happen, the ripple...
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cliff negotiations because evidently according the wall street journal this is one thing that perhaps john boehner and the white house can agree upon that for high income individuals they maybe shouldn't get this tax exemption. anymore how would this impact things will it's. very skewed to high income earners now or people in high tax brackets people at the very top get about probably twenty seven percent of the advantage the people in the one percent get about twenty seven percent my own view is that it will really not hurt the bond market the municipal market that much there is massive demand for these bonds issuers annual issuances been shrinking year by year so there's less. you know in the end i don't think it's really that big a deal personally the states are going to have to give something up i mean they they don't want federal funds coming to them cut they don't want to cut you know something has to give in this fiscal cliff play the states have to contribute something to the to the you know to the party so you think that if if this tax exempt status of interest is curbed to a
cliff negotiations because evidently according the wall street journal this is one thing that perhaps john boehner and the white house can agree upon that for high income individuals they maybe shouldn't get this tax exemption. anymore how would this impact things will it's. very skewed to high income earners now or people in high tax brackets people at the very top get about probably twenty seven percent of the advantage the people in the one percent get about twenty seven percent my own view...
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Dec 8, 2012
12/12
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we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington got into a budget battle like this? lawmakers put a band aid on the problem and the u.s. lost its aaa credit rating in the process. i warned you about the economic storm headed our way, partly because of europe and partly because of this fiscal cliff. i also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable. every day washington fails to make a deal, more damage is being done. john king, ken rogath is the former chief economist at the international monetary fund and diane swonk joins us from mezro financial. john, some people say don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, wh
we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington got into a budget battle like this? lawmakers put a band aid on the problem and the u.s. lost its aaa credit rating in the process. i warned you about the...
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Dec 10, 2012
12/12
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. >> the fiscal cliff negotiations are getting very little attention. we will drill down on the estate tax levy later in the hour. >>> why is jc penny stock higher today? and apple shares getting cut. are these the right call? well analyze this and more after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, se
. >> the fiscal cliff negotiations are getting very little attention. we will drill down on the estate tax levy later in the hour. >>> why is jc penny stock higher today? and apple shares getting cut. are these the right call? well analyze this and more after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's...
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Dec 17, 2012
12/12
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FBC
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stocks heading higher on optimism over fiscal cliff negotiations. president obama and speaker boehner wrapped up a meeting. shares are jumping on news of a potential buyout. offering to buy the software company for $2.3 billion. ellie's management and board expect a stake in compuware. according to the report on gender equality for economic cooperation and development, lack of childcare leading to a career interruption from others. and also noting childcare costs can account for more than half of the second salary in the family. that is the latest from the fox business network giving you the power to prosper. my likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. cheryl: it is time for your "west coast minute." a story we have been
stocks heading higher on optimism over fiscal cliff negotiations. president obama and speaker boehner wrapped up a meeting. shares are jumping on news of a potential buyout. offering to buy the software company for $2.3 billion. ellie's management and board expect a stake in compuware. according to the report on gender equality for economic cooperation and development, lack of childcare leading to a career interruption from others. and also noting childcare costs can account for more than half...
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Nov 25, 2012
11/12
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the fiscal cliff negotiations are set to take place this week. in washington today, we heard both sides staking out their positions. here's democratic senator carl levin on "meet the press." >> the key is whether the republicans will move away from the rigid position which has been the grover norquist pledge that they signed that they will not go away for additional revenues. >> the gop rejecting the decade-old pledge. here's what norquist said about cham bliss. >> the commitment that he made to the people of georgia was not to me. it was to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser so we don't have to reform government, he needs to have that conversation with the people of georgia. >>> >> and new today, congressman peter king on the controversy. >> i agree with chambliss. if i were in congress in 1941, i would have signed al declaration of war against japan. i'm not going to declare war against japan today. t
the fiscal cliff negotiations are set to take place this week. in washington today, we heard both sides staking out their positions. here's democratic senator carl levin on "meet the press." >> the key is whether the republicans will move away from the rigid position which has been the grover norquist pledge that they signed that they will not go away for additional revenues. >> the gop rejecting the decade-old pledge. here's what norquist said about cham bliss. >>...
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Dec 1, 2012
12/12
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we have the fiscal cliff negotiations going on on capitol hill. for young republicans right now, as you listen to what both sides are saying in this debate, where do young republicans fall on raising taxes for the wealthiest to help pay down the debt? >> sure. thank you for having us on today, of course. but i think it's just important that as a party, our candidates are making sure that our voices are modernizing, not necessarily moderating. we don't necessarily have to fundamentally change who we are as a party and who we are as republicans. we have to make sure that our voices on taxes, on spending on the economy, are heard loud and clear. just as meghan said, the economic issues are driving many young voters indeed. so where we stand on taxes is that they should be low, but most importantly, in regards to college students and younger voters, we need to make sure that when we graduate college, that we're put to that a job environment that we're able to live productively, that we're not burdened by higher taxes, that we're not burdened by the di
we have the fiscal cliff negotiations going on on capitol hill. for young republicans right now, as you listen to what both sides are saying in this debate, where do young republicans fall on raising taxes for the wealthiest to help pay down the debt? >> sure. thank you for having us on today, of course. but i think it's just important that as a party, our candidates are making sure that our voices are modernizing, not necessarily moderating. we don't necessarily have to fundamentally...
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Nov 28, 2012
11/12
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CNNW
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fiscal cliff negotiations in washington and health of the u.s. economy and the health of your housing investment is recovering in much of the country. new home sales numbers come out today. we learned yesterday that home prices posted their biggest gains in more than two years in the third quarter according to s&p/case-shiller. top five cities showing the strongest gains. in phoenix, up more than 20%. in minneapolis, about 9%. losing some traction, new york and chicago. >>> chevy spark and sonic rs models will come complete about apple siri system built into the cars. general motors announced that this week at the auto show. voice-activated system called eyes free, make calls, texting, listen to your calendar appointments and itunes library all while you're driving. >>> holiday air fare expected to go up 8% compared to last year according to the travel site orbitz. the earlier you book, the better. >> to put all of these together, does that mean you can now ask your car, do you know the way to san jose? >> way to go. >> is that right? to pull all
fiscal cliff negotiations in washington and health of the u.s. economy and the health of your housing investment is recovering in much of the country. new home sales numbers come out today. we learned yesterday that home prices posted their biggest gains in more than two years in the third quarter according to s&p/case-shiller. top five cities showing the strongest gains. in phoenix, up more than 20%. in minneapolis, about 9%. losing some traction, new york and chicago. >>> chevy...
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Nov 16, 2012
11/12
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CNBC
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we've got more news on the fiscal cliff negotiations and the markets going forward but we begin with some breaking news from belize. john mcafee, who's been on the run essentially hiding on his own compound in belize is joining us now by telephone. robert frank has been following the story. he has been going back and forth with mr. mcafee and he joins us as well. robert? >> john, are you with us? >> i am with you, sir. hello, robert, hello, brian. >> good to hear you, john. john, tell us first of all, where are you? you've been in hiding, not telling anyone where you are all week. can you tell us roughly where you are? >> roughly where i am? well, where i am most of the time. i am certainly inside of my compound. >> so you're still in belize. do you know anything about this murder? did you know this guy who was murdered, and did you have anything to do with it? this is what the police really want to know. >> i had absolutely nothing to do with it and i did know him but just barely. we spoke perhaps 50 words in five years. >> okay. tell us a little bit about this back and forth you ha
we've got more news on the fiscal cliff negotiations and the markets going forward but we begin with some breaking news from belize. john mcafee, who's been on the run essentially hiding on his own compound in belize is joining us now by telephone. robert frank has been following the story. he has been going back and forth with mr. mcafee and he joins us as well. robert? >> john, are you with us? >> i am with you, sir. hello, robert, hello, brian. >> good to hear you, john....
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Dec 11, 2012
12/12
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we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be reached. perhaps not in a forum that's widely expected. that optimism seemingly reflected in the markets. we are up more than 100 point ossen the dow. >> i'm maria bartiromo along with brian sullivan. representative patrick mchenry, republican from north carolina. good to have you on the program. thanks for joining us. let's talk about where we are. what would you say? where are we in terms of a deal? >> not as bad as last week and not as bad as the week before. not really in a great position to get things done. the president's more interested in campaigning around the country and telling people to send twitter messages to me on my twitter account. i haven't really seen much. we haven't seen much in the way of phone calls either. that's wha
we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be reached. perhaps not in a forum that's widely expected. that optimism seemingly reflected in the markets. we are up more than 100 point ossen...
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Dec 4, 2012
12/12
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the markets really taking in stride the lack of progress in the fiscal cliff negotiations because there are no negotiations right now. here's the dow today. a little volatility in the open today, essentially sideways. there are other markets that have moved today that i want to show you. the yield on the ten-year went down today. part of operation twist to keep rates low on the long end of the yield curve. we're down to 1.60%. other traders were in there buying treasuries following on the fed's coat tails. another market moving right now, gold. back below $1700 an ounce. this happened last december as well when there was some profit taking at that time, maybe to try and beat out the tax consequences. we're down 1.4%, a decline of $23. we'll watch that carefully to see if now we're below this psychologically important level. the vix, the fear indicator, went higher today. we're still below considered yellow flag territory. we haven't been above 20 in about seven months. i want to ask peter costa, how do you read that? is the market being complacent about what's going on in washington? be
the markets really taking in stride the lack of progress in the fiscal cliff negotiations because there are no negotiations right now. here's the dow today. a little volatility in the open today, essentially sideways. there are other markets that have moved today that i want to show you. the yield on the ten-year went down today. part of operation twist to keep rates low on the long end of the yield curve. we're down to 1.60%. other traders were in there buying treasuries following on the fed's...
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Dec 3, 2012
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the markets will keep watching the slow going fiscal cliff negotiations today. how will wall street react to the latest maneuvering? to the market rundown. we'll let you know when to pay attention. is that still the case? >> i have to admit 28 days and counting. >> if we're in the same place in two weeks, i'll be nervous. >> the 15th they have to have a deal. >> it's nothing. >> it is if you want companies to deal with what this is going to mean in terms of taxes. i'm starting to sweat this out. we spoke with jim o'neill of goldman sachs, a great voice, comes to us from london. this is the first time that he's seen international investors raising their browse a bit, taking and moving their money. they are starting to sit up and take notice and that's a big issue. they're losing confidence in what's happening in washington, that's a really big deal. that made me set up and pay attention and, i don't know, i realize that this is all politics at this point. you have to remember what this looks like to the international community. we can't get things together. can't
the markets will keep watching the slow going fiscal cliff negotiations today. how will wall street react to the latest maneuvering? to the market rundown. we'll let you know when to pay attention. is that still the case? >> i have to admit 28 days and counting. >> if we're in the same place in two weeks, i'll be nervous. >> the 15th they have to have a deal. >> it's nothing. >> it is if you want companies to deal with what this is going to mean in terms of taxes....
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Dec 8, 2012
12/12
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cliff negotiations, as the end of the year approaches, but there are new questions this weekend about what will happen to the u.s. economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a democratic strategist. great to see both of you. >> thank you, good to be with you. >> doug, you first, president obama and his weekly address this weekend says that democrats have some wiggle room on what they're willing to give to get a deal done. what are they willing to give? >> well, first of all, remember that as part of the budget control act the president signed into law about a trillion dollars in cuts and right now the president's priority is to pass a middle class tax cut and benefit 97% of small businesses, and that's the first priority and then, obviously, second part is to deal with the fiscal cliff and he's put entitle and spending cuts on the table and i think really, the issue here is whether republicans are going to be o
cliff negotiations, as the end of the year approaches, but there are new questions this weekend about what will happen to the u.s. economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a democratic strategist. great to see both of you. >> thank you, good to be with you. >> doug, you first, president obama and his weekly...
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Dec 21, 2012
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. >> tom: late-day gains help stocks move higher, despite the nasty tone of the fiscal cliff negotiations in washington. after trading near breakeven for most of the day, the dow moved up in the last hour of trading to close up nearly 60 points. the nasdaq added six, the s&p up almost eight points. >> susie: on capitol hill tonight, lawmakers in the house of representatives are getting ready to vote on a fiscal cliff bill. house speaker john boehner calls it "plan b" and it is expected to be a close vote. the bill proposes to extend tax breaks for everyone making less than $1 million. the move comes as talks to avert the fiscal cliff hit an impasse. darren gersh reports. >> reporter: as washington looks over the edge of the fiscal cliff, democrats and republicans were throwing elbows and getting personal. speaker boehner explained why he pushed the house to vote on a republican plan "b" tonight. >> i did my part, they did nothing. and frankly, i'm convinced that the president is unwilling to stand up to his own party on the big issues that face our country. time is running short. the hous
. >> tom: late-day gains help stocks move higher, despite the nasty tone of the fiscal cliff negotiations in washington. after trading near breakeven for most of the day, the dow moved up in the last hour of trading to close up nearly 60 points. the nasdaq added six, the s&p up almost eight points. >> susie: on capitol hill tonight, lawmakers in the house of representatives are getting ready to vote on a fiscal cliff bill. house speaker john boehner calls it "plan b"...
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Dec 2, 2012
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sharp words from a key negotiator as we inch closer to the fiscal cliff. timothy geithner on the president's offer to to republicans followed by a response from grover norquist. >> we're trying to make it more likely we come together on a good agreement for the american people that extends tax cuts for the middle class. >> do you think we'll get a deal by the end of the year? >> i do. the only thing standing in the way of that would be a refusal by republicans to accept that rates are going to have to go up on the wealthiest americans and i don't see them doing that. >> if the president doesn't stamp his feet and get his way, he should get into a room and negotiate. instead of hearing rhetoric, that was show, no economics. let's have it in front of c-span cameras. . if the republicans are being reasonable, we'll see that, if they are not, we'll see that. >> joining us is reporter for politico. ladies first. did anything that you just heard suggest we're any closer to it an agreement? >> not really. the white house has put forth this plan, this proposal. co
sharp words from a key negotiator as we inch closer to the fiscal cliff. timothy geithner on the president's offer to to republicans followed by a response from grover norquist. >> we're trying to make it more likely we come together on a good agreement for the american people that extends tax cuts for the middle class. >> do you think we'll get a deal by the end of the year? >> i do. the only thing standing in the way of that would be a refusal by republicans to accept that...
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Dec 24, 2012
12/12
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. >> before we go over the fiscal cliff, negotiations. >> president obama is in hawaii for christmas. and says he'll cut his vacation short to try and hammer out a deal with congress. the deadline. now a week away. if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for negotiated labor contracts and improvements in patient care protections. such as staffing levels, health benefits, and sick days. strikers say hospital officials want to reduce the number of paid sick days for nurses and technicians, while eliminating health care coverage for those who work fewer than 30 hours a week. >> we will be right back. thousands of palestinians and international tourists are visiting bethlehem to visit christmas. and to celebrate-christmas. this is live at the we will be right back. >> watching wall street, this shorter trading day. they a
. >> before we go over the fiscal cliff, negotiations. >> president obama is in hawaii for christmas. and says he'll cut his vacation short to try and hammer out a deal with congress. the deadline. now a week away. if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter...
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. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous economy and growth and we should go back to the clinton tax rates. what that really means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. i don't support that. i don't think that's a great idea. it would slow down the economy. >> when you look at economist's evaluations, it would slow down the economy. it would. there's no question about it. but if the problem is that we have
. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are...
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Nov 29, 2012
11/12
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CNNW
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cliff negotiations. the dow rallied because of those comments. if there's no deal, though, the bush tax cuts will expire, sending taxes up to about $2,000 for a typical family of four. president obama taking that number to twitter, asking americans to tweet lawmakers using the #my2k. telling lawmakers what that means to them. he would lo he would like them to expire for americans making over $250,000, though. >>> more than half a trillion dollars has been spent on jobless benefits over the past five years. whether to extend additional federal unemployment benefits beyond the end of the year. rising number of families on food stamps, 15,000 families received food stamps up 10% from 2010. >>> cnn's 2012 hero of the year will be an all-star tribute, bringing together the world and people helping others. >> some of those stars have their own tales of inspoiration. including superstar gloria estefan. >> the people we should really celebrate are people out there that are doing other things helping other human
cliff negotiations. the dow rallied because of those comments. if there's no deal, though, the bush tax cuts will expire, sending taxes up to about $2,000 for a typical family of four. president obama taking that number to twitter, asking americans to tweet lawmakers using the #my2k. telling lawmakers what that means to them. he would lo he would like them to expire for americans making over $250,000, though. >>> more than half a trillion dollars has been spent on jobless benefits over...
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Dec 13, 2012
12/12
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FBC
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comments from house speaker john boehner on the ongoing fiscal cliff negotiations continuing to weigh on the market. boehner saying spending is the issue getting in the way of a deal. right now the dow is down 74 points. looks like maps on the iphone are headed in a better direction. this is the mover in google maps from the device, apple finally approve of the google its app store. the own attempt at maps was a massive disaster even lead to a rare apology from ceo tim cook. jobless claims fell for a fourth straight week. the market may be improving. marking the second lowest claims this year. you have a slow moving average. that is the latest from the fox business network giving you the power to prosper. ashley: breaking news from major league baseball. the associated press reporting texas rangers gm says josh hamilton has agreed to a contract with the l.a. angels. there you go. tracy: i'm shocked we are even talking about baseball in the middle of winter. ashley: hsbc moving on with the largest fine ever paid by a bank. $1.9 billion for the justice department to settle a money-laund
comments from house speaker john boehner on the ongoing fiscal cliff negotiations continuing to weigh on the market. boehner saying spending is the issue getting in the way of a deal. right now the dow is down 74 points. looks like maps on the iphone are headed in a better direction. this is the mover in google maps from the device, apple finally approve of the google its app store. the own attempt at maps was a massive disaster even lead to a rare apology from ceo tim cook. jobless claims fell...